Shrikant Chouhan: BUY Hindalco; SELL Mphasis
Market expert Shrikant Chouhan from Kotak Securities has suggested one BUY Call and one SELL Call for short term traders. Indian markets are expected to open lower today and we can witness selling pressure in the markets. US markets closed negative on Monday and Asian stocks were trading mixed this morning.
Chouhan has suggested BUY Call for metal counter Hindalco at current price for a target of Rs 440 with a stop loss at Rs 430. Hindalco is looking strong on the charts and if the market remains range-bound, this stock can give good returns today.
Chouhan has suggested SELL Trade for Mphasis for a target of Rs 3,050 with a stop loss at Rs 3,295.
All trades should be carried out with strict Stop Loss. In case the trade doesn’t happen as per expectations, it is good to exit the trade if the call is in profit. TopNews will review performance of trading calls by the end of the trading session.